“We're going to see engines lead the way, engines will be up high teens plus, I think you're going to see services in the mid-teens area.”

In context

“arbonizing the world. We're ready to go. Steve, over to you. Steve Winoker: Thanks, Larry. Before we open the line, Liz, I'd ask everyone in the queue to consider your fellow analysts and ask one question, so we can get to as many people as possible in the next 20 to 25 minutes, please open the line. Operator: [Operator Instructions] Our first question comes from Myles Walton with Wolfe Research. Myles Walton: Thanks. Good morning. I was hoping to dig in a little bit on the commercial engines, high teens growth. And maybe if you could break down a little bit, does it still include about 2,000 LEAP deliveries? And also is the spares ratio, similar to ‘23? I know you mentioned ‘23 was similar to ’22. Larry Culp: Myles, I think from a from a CES or commercial engine and services perspective. We're going to see engines lead the way, engines will be up high teens plus, I think you're going to see services in the mid-teens area. Specific to your question from a LEAP perspective, what we anticipate right now is a 20% to 25% increase in unit growth, I think we'll see installs get ahead of spares so that spares ratio will begin to moderate, more in line with the historic average of a typical lifecycle. So that's really where we are with respect to the narrowbody specifics you have there. Operator: Our next question comes from a line of Joe Ritchie with Goldman Sachs. Joe Ritchie: Hey, guys, good morning. Still like the end of an era, yea, as I said feels like the end of an era way to go out on a good note. So my one question is for Scott. So Scott, I'm just trying to bridge the free cash flow comments 2023 to ‘24. Clearly you guys have some numbers out on the slides. But the 2023 numbers look like it’s not apples-to”